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http://www.wsj.com/articles/wsj-survey-chinas-growth-statements-make-u-s-economists-skeptical-1441980001 http://www.wsj.com/articles/wsj-survey-chinas-growth-st
by sharetea 11y ago
http://www.wsj.com/articles/wsj-survey-chinas-growth-statements-make-u-s-economists-skeptical-1441980001 http://www.wsj.com/articles/wsj-survey-chinas-growth-stateme...
"More than 96% of respondents to the latest Wall Street Journal survey of 64 economists–not all of whom answered every question–said China’s gross-domestic-product estimates don’t accurately reflect the state of the world’s second-biggest economy.
“Official data are manufactured to fit the government’s narrative,” said Stephen Stanley, chief economist at Amherst Pierpont Securities."
- tonyedgecombe 11y agoWhich is exactly what you would expect in a communist regime with a neutered press.
- avn2109 11y agoThat's what I'd expect from any middling-to-competent regime, not just the commies (though they of course do it too). For example, the Argentines are famous for making up exchange rates, and my own (American) government has a policy of systematically misreporting inflation and unemployment.